MasterCard operates in 48 of Africa’s 55 markets, thanks to expansion into seven new markets across Central and West Africa – Chad, Central African Republic, Guinea-Bissau, Liberia, Sierra Leone, Rwanda and The Gambia. The MasterCard acceptance network of ATMs and Point of Sale terminals has also increased significantly to reach more than 58,000 ATM locations and 438,000 POS terminals across Africa. The introduction of electronic payments to these markets is providing positive social and economic impact as companies get to conduct their businesses beyond the cash environment.
Mozido, a global leader in white-label, cloud-based mobile payment services, today announced that it acquired StickyStreet, a leading platform for creating, distributing and managing customer loyalty solutions for leading brands such as Toys-R-Us, Harley Davidson and Best Western, reaching millions of consumers in over 60 countries worldwide. Financial terms of the transaction were not disclosed. Prior to acquiring StickyStreet, Mozido had partnered with the company to deliver mobile consumer loyalty programs. Moving forward, StickyStreet’s growing customer base will benefit from joining Mozido’s global network of cloud-based mobile financial solutions.
VeriFone Mobile Money is pleased to announce that it has been selected by Teasy Mobile (“Teasy”) in Nigeria to widen mobile money services and make them more relevant to local needs. VeriFone Mobile Money will deploy its retail enablement solution integrating the mobile wallet, banking, and telecommunication provider networks with the point-of-sale (“POS”). Teasy will work closely with local industry players to roll out VeriFone contactless POS devices as part of the solution.
SecureBuy global payment fraud prevention created a new frictionless payment fraud solution for mobile and online card-not-present (CNP) payment processing, powered by technology from FICO, a leading predictive analytics and decision management software company. This new SecureBuy solution includes powerful, analytics-based fraud detection technology originally developed by FICO for credit and debit issuing banks. This technology is used in FICO® Falcon® Fraud Manager, the world’s leading fraud management solution that protects more than 2.5 billion payment cards worldwide. The new solution integrates FICO’s proven self-calibrating analytics and global intelligent profiling with SecureBuy’s powerful physical attribute authentication to create a new industry performance benchmark for frictionless payment authentication.
Opus Bank announced Scott Dickman as its Senior Managing Director, Commercial Business Banking – Arizona. Bringing to the role 36-years experience, Dickman is Opus’ first commercial banker in Arizona and is responsible for expanding Opus’ commercial client base in the Phoenix metropolitan region. He joins Opus Bank most recently from Comerica Bank where he served as Senior Vice President, Market President and Commercial Banking Leader in the Arizona market. From 2008 through 2012, Mr. Dickman served as SVP, Commercial Banking for Arizona Bank & Trust where he also was a member of the bank’s Senior Leadership Team and led the commercial business group, including Commercial Banking, Treasury Management, and Small Business.
Optimal Payments Plc. announces the launch of an all-new NETELLER® online payment processing service. Working through a federally-insured U.S. financial institution sponsor, Optimal Payments is bringing these services to the U.S. marketplace. The NETELLER service and Net+® Card in the U.S. leverage the wealth of experience that Optimal Payments brings to the payments processing markets. Consumers already use NETELLER and the Net+ Card outside of the U.S. to safely and conveniently pay and receive funds for products and services online.
New Media Insight Group, Inc. has introduced a mobile payment solution, CloudPay, that is providing an easy and cost-effective solution for retailers and consumers alike. CloudPay reduces merchant transaction fees by as much as 80% by accepting payments on any smartphone or WiFi-enabled device. This new payment innovation can save merchants tens of thousands of dollars every year.
Parking BOXX announced today their partnership with CreditCall. Parking BOXX will use CreditCall’s EMV-ready payment gateway in the Parking BOXX gated, multi-space, pay-by-phone, cashier and citation parking systems. The systems will be installed across North America with sites already live. CreditCall’s industry-leading card payment solutions are available across multiple channels, including-Multi-Space, Pay-on-Foot, Smartphone and web-based parking in the UK, USA and Canada. The company processes credit and debit card payments securely from unattended parking machines, as well as from phone-based and online parking reservation systems.
Fime is the first and only laboratory accredited to provide functional testing services for JCB’s new generation of contactless terminals. In addition to offering testing services to the marketplace on behalf of an international payment brand based in Japan, the JCB-approved EVAL test tool developed by FIME is also available for purchase from its network of international offices as an off-the-shelf product for in-house testing. FIME has been working with JCB as an accredited integration testing laboratory since the launch of JCB J/Smart, JCB’s EMV Programme in 2005.
NCR announced that TSB is installing 80 new NCR SelfServ ATMs in just three months across Britain as it transforms its retail banking network to improve banking services for its customers. Located in communities that range from Aberdeen to the Isle of Wight and Swansea to Norwich, the ATMs being installed by NCR will be free to use and available before the end of April 2014. For people wanting to ‘check their cash and dash’, TSB ATMs will enable them to check their balance, withdraw cash and manage their PIN. The ATMs also offer a host of other services, including bill payment, ordering of postal statements and mobile phone top-ups. SelfServ ATMs are designed to create a bigger visual impact on the street, and deliver a faster service and a more engaging experience for consumers. In the future, the contactless card capabilities will allow customers to carry out small transactions quickly and securely, thereby decreasing transaction time, cutting down queues and improving service. In addition, the new NCR SelfServ ATMs are Windows 7 ready – an important feature with Windows XP support from Microsoft expected to end in April 2014.
Moneris Solutions and UnionPay International entered into an agreement regarding Moneris’ acceptance of UnionPay cards beginning later this year. The number of merchants accepting UnionPay cards in the global market has shown a tremendous increase, giving UnionPay cardholders at home and abroad a network of convenient card use. Moneris and UPI will significantly expand this network in Canada with Moneris’ enablement of UnionPay card acceptance. Moneris is expected to launch UnionPay card acceptance as part of its service offerings to merchants in fall 2014.